IA comments on the Autumn Statement
Commenting on the government’s Autumn Statement, Chris Cummings, Chief Executive of the Investment Association, said:
“Investment managers support the government’s commitment to a stable, growing economy, and importantly, the commitment to reviewing financial regulation to identify opportunities to unlock growth, boost skills and foster innovation. A strong regulatory environment is key, but we believe there are untapped opportunities to unlock growth which also protect and benefit the consumers we serve.”
“This will support our industry’s crucial role in powering businesses and helping people across the county to meet their long-term financial goals. Our industry is founded on high regulatory standards and innovation, and it is promising to see financial services identified as a key area for growth. We look forward to working with government on measures to provide stability and support to businesses and communities during this time of international economic uncertainty.”
Notes to Editors:
For further information, please contact:
Arianna Schardt, Communications Executive: [email protected]
T: +44 (0)20 7269 4625
Helen Ayres, Senior Communications Manager: [email protected]
T: +44 (0)20 7269 4620
IA Press Office: [email protected]
About the Investment Association (IA):
- The IA champions UK investment management, supporting British savers, investors and businesses. Our 250 members manage £10 trillion of assets and the investment management industry supports 114,000 jobs across the UK.
- Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
- Our purpose is to ensure investment managers are in the best possible position to:
- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs
- The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.
